Cambridge Investment Research Advisors Inc. Sells 1,535 Shares of Hasbro, Inc. (HAS)

Cambridge Investment Research Advisors Inc. lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,418 shares of the company’s stock after selling 1,535 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Hasbro were worth $920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HAS. Vanguard Group Inc. boosted its stake in shares of Hasbro by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock valued at $1,436,475,000 after purchasing an additional 695,231 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Hasbro by 7.6% in the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after purchasing an additional 700,898 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Hasbro by 1.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock valued at $308,649,000 after purchasing an additional 26,350 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hasbro by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock valued at $226,136,000 after purchasing an additional 137,568 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Hasbro by 70.2% in the 2nd quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after purchasing an additional 868,073 shares in the last quarter. Hedge funds and other institutional investors own 79.27% of the company’s stock.

In other Hasbro news, Director Alan G. Hassenfeld sold 17,834 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $95.30, for a total transaction of $1,699,580.20. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,777,042. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen J. Davis sold 937 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $94.96, for a total value of $88,977.52. Following the sale, the executive vice president now directly owns 40,888 shares of the company’s stock, valued at $3,882,724.48. The disclosure for this sale can be found here. Insiders have sold a total of 430,072 shares of company stock valued at $41,151,674 over the last three months. Company insiders own 11.00% of the company’s stock.

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Shares of Hasbro, Inc. (HAS) opened at $95.03 on Thursday. The firm has a market capitalization of $11,839.01, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. Hasbro, Inc. has a twelve month low of $77.20 and a twelve month high of $116.20. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.15. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 EPS. equities analysts anticipate that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Thursday, September 14th. DA Davidson restated a “buy” rating and issued a $124.00 target price (up previously from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. UBS Group AG set a $104.00 target price on shares of Hasbro and gave the company a “hold” rating in a research note on Monday, November 13th. SunTrust Banks, Inc. restated a “hold” rating and issued a $102.00 target price on shares of Hasbro in a research note on Thursday, October 12th. Finally, KeyCorp restated a “buy” rating and issued a $105.00 target price on shares of Hasbro in a research note on Tuesday, October 24th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $106.69.

Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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